Windstream 2013 Annual Report Download - page 226

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
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F-90
14. Supplemental Guarantor Information, Continued:
Condensed Consolidated Balance Sheet
As of December 31, 2012
(Millions) Windstream
Corp. PAETEC Issuer Guarantors Non- Guarantors Eliminations Consolidated
Assets
Current Assets:
Cash and cash equivalents $ 57.5 $ — $ 26.5 $ 48.0 $ — $ 132.0
Restricted cash 25.0 — 1.5 — — 26.5
Accounts receivable (less allowance for
doubtful accounts of $42.6) — — 243.6 365.4 — 609.0
Affiliates receivable, net — 1,080.2 — 3,253.3 (4,333.5) —
Inventories — — 10.0 65.0 — 75.0
Deferred income taxes 170.3 — 6.2 76.7 (3.8) 249.4
Prepaid income taxes 23.3 — — — — 23.3
Prepaid expenses and other 4.4 — 24.2 151.0 — 179.6
Assets held for sale — — 15.7 — — 15.7
Total current assets 280.5 1,080.2 327.7 3,959.4 (4,337.3) 1,310.5
Investments in consolidated subsidiaries 11,814.4 — 0.4 — (11,814.8) —
Goodwill — 643.8 — 3,687.6 — 4,331.4
Other intangibles, net — — 668.9 1,642.4 — 2,311.3
Net property, plant and equipment 7.6 — 877.3 4,976.9 — 5,861.8
Deferred income taxes — 246.4 — — (246.4) —
Other assets 103.1 — 13.1 50.8 — 167.0
Total Assets $ 12,205.6 $ 1,970.4 $ 1,887.4 $ 14,317.1 $ (16,398.5) $ 13,982.0
Liabilities and Shareholders’ Equity
Current Liabilities:
Current maturities of long-term debt $ 856.0 $ — $ — $ 10.0 $ — $ 866.0
Current portion of interest rate swaps 29.0 — — — — 29.0
Accounts payable 1.0 — 83.4 279.3 — 363.7
Affiliates payable, net 2,806.6 — 1,525.0 — (4,331.6) —
Advance payments and customer deposits — — 74.0 145.6 — 219.6
Accrued dividends 148.9 — — — — 148.9
Accrued taxes 0.2 — 33.6 70.1 0.4 104.3
Accrued interest 107.2 3.9 0.8 1.7 — 113.6
Other current liabilities 42.7 3.8 81.9 198.2 (3.8) 322.8
Total current liabilities 3,991.6 7.7 1,798.7 704.9 (4,335.0) 2,167.9
Long-term debt 6,823.2 1,175.0 — 101.6 — 8,099.8
Deferred income taxes 175.1 — 33.1 1,935.0 (246.4) 1,896.8
Accumulated losses in excess of
investments in consolidated subsidiaries — 5.3 — — (5.3) —
Other liabilities 110.9 3.4 63.1 535.3 — 712.7
Total liabilities 11,100.8 1,191.4 1,894.9 3,276.8 (4,586.7) 12,877.2
Commitments and Contingencies
(See Note 13)
Shareholders’ Equity:
Common stock 0.1 — — 70.3 (70.3) 0.1
Additional paid-in capital 1,098.3 842.0 — 6,918.5 (7,760.5) 1,098.3
Accumulated other comprehensive
income 6.4 — — 50.8 (50.8) 6.4
Accumulated (deficit) retained earnings — (63.0)(7.5) 4,000.7 (3,930.2) —
Total shareholders’ equity 1,104.8 779.0 (7.5) 11,040.3 (11,811.8) 1,104.8
Total Liabilities and Shareholders’
Equity $ 12,205.6 $ 1,970.4 $ 1,887.4 $ 14,317.1 $ (16,398.5) $ 13,982.0